27-May-2010 12:16 PM

Aegean Airlines revenue up 3%, reports losses in 1Q2010

Aegean Airlines revenue up 3% - financial highlights for the three months ended 31-Mar-2010:

  • Revenue: EUR114.8 million, +3% year-on-year;
  • EBITDAR (loss): (EUR9.3 million), compared with a profit of EUR15.3 million in p-c-p;
  • EBITDA (loss0: (EUR26.2 million), compared with a profit of EUR2.7 million in p-c-p;
  • Profit (loss) before tax: (EUR32.8 million), compared with a profit of EUR6.4 million in p-c-p;
  • Net profit (loss): (EUR25.6 million), compared with a profit of EUR4.6 million in p-c-p;
  • Passenger numbers: 1.3 million, +17%;
  • Load factor: 62%, +5.9 ppts. [more]

Aegean Airlines: “The current crisis requires immediate response. Having secured the qualitative advantages and the critical alliances for a successful future path, it is now critical to focus on managing all the elements of our company’s costs in relation to capacity, network and fleet. It is going to be a challenging path but we are confident that we have the resources and elements to be successful,” Dimitris Gerogiannis, Managing Director. Source: Aegean Airlines.